A Strategic Partnership
Suzuki Motorcycle India Pvt Ltd (SMIPL), a leading two-wheeler manufacturer in the country, has partnered with SMFG India Credit Co Ltd (formerly Fullerton India Credit Co), a Non-Banking Financial Company (NBFC) and a member of Sumitomo Mitsui Financial Group (SMFG), to provide quick and hassle-free financing options for Suzuki two-wheeler customers. The two companies have signed a Memorandum of Understanding (MoU) to formalize this alliance, which aims to enhance the purchasing experience for Suzuki two-wheeler customers by providing flexible and easy retail finance offers.
Benefits for Customers
Customers who opt for financing from SMFG India Credit can benefit from faster approval, competitive interest rates, easy scheme options, digital login, 24/7 operational support, and pre-approved offers. The collaboration is expected to cater to the growing customer base of Suzuki Motorcycle India and support its growth plans in the Indian market. SMIPL offers a wide range of products, including scooters, motorcycles, and premium bikes, such as the Hayabusa, V-Strom, and GSX series.
Comments from the Leaders
Kenichi Umeda, Managing Director of Suzuki Motorcycle India Pvt Ltd, expressed confidence in the partnership, emphasizing the importance of associating with financiers who can facilitate the ease of purchasing Suzuki two-wheelers. He said, “Considering our continuous growth in the Indian market, it becomes imperative for us to associate with financiers who can facilitate ease of purchasing Suzuki two-wheelers. The idea is to offer flexible, yet easy retail finance offers, keeping in mind the needs of our customers.”
Ajay Pareek, Chief Business Officer of SMFG India Credit, highlighted the commitment to offering best-in-class financial solutions and expressed excitement about the collaboration. He said, “We are delighted to partner with Suzuki Motorcycle India Pvt Ltd, one of the most trusted and reputed two-wheeler brands in India. Through this partnership, we aim to provide customized and convenient financing solutions to Suzuki two-wheeler customers across the country. We look forward to a long and fruitful association with SMIPL and contribute to their growth journey in India.”